The dollar it closes with losses once morest the Mexican peso and some of the most important currencies. The US currency is waiting for the future decisions of the Federal Reserve regarding monetary policy and the rise in interest rates.
In recent months, inflation has fallen. According to the last Consumer Price Index reportyear-on-year inflation in the United States stood at 6.5% at the end of December 2022, its lowest level since October 2021. Given the fall, the Federal Reserve is likely to ease its hikes. However, doing this might bring the country closer to a recession.
That is why some officials, such as the governor of the Federal Reserve, Lael Brainard, support the idea that interest rates should remain high despite signs that inflation is starting to ease. Although the year-on-year rate has fallen, the Fed’s goal is for inflation to be 2%.
The next meeting of the Federal Open Market Committee (FOMC), at which the new increases will be announced, is scheduled for January 31 and February 1.
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Price of the dollar today, January 21: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…
Meanwhile, following closing, The dollar index (DXY) registered a fall of 0.09%, settling at 101,743 unitsaccording to Investing.com, one of the most important finance portals. The DXY measures the value of the US dollar relative to a basket of other major currencies, including the currencies of some of the United States’ major trading partners.
After closing, This is how the dollar exchange rate is found in Mexico, Honduras, Guatemala, Nicaragua and Costa Rica, this Saturday, January 21.